702 Ash Street 105, San Diego, California 92101, San Diego, 92101 - 2 bed, 2 bath
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702 Ash Street 105
San Diego, California 92101
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,644Sq Ft
0Lot Size
Property Price
LIST PRICE$945,000
EST. MARKET VALUE
$943,152
SUMMARY
This Iconic El Cortez Loft is a Strong Value Opportunity, listed at $945,000—positioned slightly above the $943,153 Fair Market Value. Featuring a Condition Rating of 2, this unit offers a turnkey lifestyle with high-end smart home upgrades, real wood floors, and rare downtown storage. The Mills Act designation provides significant long-term tax savings, offsetting the monthly HOA fees. With its City Lights view and proximity to top-rated local schools, this property is an ideal acquisition for Owner-Occupants or Urban Professionals seeking a sophisticated, historic residence.
Estimated Market Value
$943,152
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Ash Street 105 Subject 2 bd · 2 ba · 1,644 sqft · $574 | $945,000* List Price | 2 | 2 | 1,644 | $574 | - |
A 850 Beech St 910 Sold 3 bd · 2 ba · 1,285 sqft · $654 · 0.1 mi | $840,000 | 3 | 2 | 1,285 | $654 | 0.1 mi |
B 1441 9th 1704 Sold 2 bd · 2 ba · 1,355 sqft · $696 · 0.1 mi | $943,000 | 2 | 2 | 1,355 | $696 | 0.1 mi |
C 1441 9th Avenue 803 Sold 2 bd · 2 ba · 1,451 sqft · $631 · 0.1 mi | $915,000 | 2 | 2 | 1,451 | $631 | 0.1 mi |
D 1080 Park Blvd 1315 Sold 2 bd · 2 ba · 1,422 sqft · $475 · 0.3 mi | $675,000 | 2 | 2 | 1,422 | $475 | 0.3 mi |
E 850 Beech St. 514 Sold 3 bd · 2 ba · 1,270 sqft · $720 · 0.1 mi | $915,000 | 3 | 2 | 1,270 | $720 | 0.1 mi |
F 800 The Mark Ln 1409 Sold 2 bd · 2 ba · 1,240 sqft · $746 · 0.6 mi | $925,000 | 2 | 2 | 1,240 | $746 | 0.6 mi |
G 850 Beech Street 908 Sold 2 bd · 2 ba · 1,230 sqft · $573 · 0.1 mi | $704,900 | 2 | 2 | 1,230 | $573 | 0.1 mi |
H 1650 8th 104 Sold 2 bd · 2 ba · 1,126 sqft · $608 · 0.2 mi | $685,000 | 2 | 2 | 1,126 | $608 | 0.2 mi |
I 702 Ash 1103 Active 2 bd · 2 ba · 1,523 sqft · $670 | $1,020,000 List Price | 2 | 2 | 1,523 | $670 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has been recently upgraded throughout with high-end appliances, smart home features including HVAC and lighting, and real wood floors. The kitchen features modern stainless steel finishes and stone countertops, and the unit has been freshly reconfigured, meeting the criteria for a high-quality renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Tax Savings
The property benefits from a Mills Act designation, resulting in exceptionally low property taxes of approximately $2,600 per year, offering substantial long-term financial value compared to standard tax rates.
- Historic Charm with Modern Upgrades
This iconic El Cortez loft blends 1927 vintage details like soaring coffered ceilings with high-end modern upgrades, including smart home systems, real wood floors, and premium appliances.
- Superior Interior Storage
Offering a rare amount of space for downtown living, the unit features two walk-in closets, a large walk-in pantry, and unique hidden overhead storage solutions across a spacious 1,644 sqft layout.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The monthly association fee of $1,467 is significant, which increases the total monthly carrying cost and may impact buyer affordability or debt-to-income ratios.
- Market Stagnation
With 66 days on the market and two consecutive price reductions from the original list price, the property is experiencing slower-than-average absorption, potentially indicating initial overpricing.
About 702 Ash Street 105
Unique loft-style 2-story condo at the iconic El Cortez features soaring coffered tray ceilings and vintage details blending character with modern convenience. This home offers huge property tax savings from its historical, Mills Act, designation (total property tax approx $2,600/year!). Upgraded throughout with built ins, smart home features (lights, HVAC, window coverings), real wood floors, and high-end appliances. Freshly reconfigured upstairs features 2 bedrooms plus office space. This home offers quite possibly the most interior storage of any unit you'll find downtown, with 2 walk-in closets (one hidden), large walk-in pantry and hidden overhead storage. Great unit for entertainment on first level, above street, with quick and easy access to enter/exit the complex, great for dog walks and visitors. Unit is located on the secluded E/NE side of the building with abundant light and outdoor space.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1927
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1467.0 / Month
Neighborhood Insights
San Diego Unified Schools
Washington Elementary School
Grades K-5 • 0.6 mi
5/10
Roosevelt International Middle School
Grades 6-8 • 1.5 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,644 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $945.0K | $598.4K |
| Price per sq ft | $575 | $607 |
| Built year | 1927 | 1986 |
| HOA | $1467.0 | $536 |
| Days on market | 68 | 58 |
Pricing History
Listed for Sale
Oct 23, 2026
$945,000
$975,000
-3% Price Drop
Initial Listing
Price Change
Sep 22, 2026
$975,000
$999,999
-2% Price Drop
Initial Listing
Price Change
Aug 18, 2026
$999,999
Initial Listing
Sold
Oct 13, 2021
$770,000
Public Record
Sold
Oct 1, 2021
$425,000
Public Record
Sold
Aug 20, 2015
$710,000
Public Record
Sold
Apr 1, 2011
$289,000
Public Record
Sold
Nov 5, 2004
$721,000
Public Record